The Vancouver Canucks locked up their franchise goalie to a Marian Hossa-esque deal today, signing Roberto Luongo to a whopping 12-year, $64 million deal. The cap hit for Luongo is a measly $5.33 million a season, not too shabby for a top-three goalie in the league. The deal is front loaded, but not as badly as the Hossa deal. Luongo will make $10 million in the 2010-2011 season, the first of the extension, $6.7 million for the next seven years, with the last two years of the deal at $1 million (2020-2021, 2021-2022). (Cap information courtesy of CapGeek.)
The deal makes sense for both parties, as Luongo gets his money, and the Canucks save a bit on cap room. It will be interesting to see how the league reacts to this deal, and how the new CBA will address these types of deals.
As for the Islanders, I wonder how Mark Parrish and Oleg Kvasha are doing.